Listing Agency: Voit Real Estate Services Show Phone

Listed By: Garrett McClelland Show Phone

Source: Moodyscre

Added: Sep 8 Changed: Oct 25 Last Checked: Oct 28 at 8:49AM

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Investment Insights

Based on property information with market context.

This freestanding flex building offers 14,128 square feet with a 1,173-square-foot, single-story office area. The property includes an 18-foot minimum clear height, two ground-level doors, and a secured yard area for operational use.

Electrical service includes 400 amps at 277/480 volts with three-phase power. The property is located at 6878 Airport Dr in Riverside, California, providing a combination of office space, warehouse functionality, access, and secured outdoor area.

Key Highlights

• 14,128‑square‑foot freestanding flex building
• 1,173 SF single‑story office area
• 18' minimum height clearance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$217,109

Cap Rate

5.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,342,180 $4.3M

Cap Rate 7%

$3,101,557 $3.1M

Cap Rate 9%

$2,412,322 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,128 SF

Gross rent

$262.8K $18.60/SF

− Vacancy

−$7.4K −$0.52/SF

EGI

$255.4K $18.08/SF

− OpEx

−$38.3K −$2.71/SF

NOI

$217.1K $15.37/SF

Area

ZIP 92504

Vacancy

2.80%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,342,180

Cap Rate 7%

$3,101,557

Cap Rate 9%

$2,412,322

Alternative Uses

Best Use

Warehouse

$3.10M

$2.71M – $3.62M (±1% cap)

NOI $217,109 @ 7.0% cap · market cap 5.43%

Second Best

Flex RnD

$2.73M

$2.39M – $3.19M (±1% cap)

NOI $191,415 @ 7.0% cap · market cap 4.79%

Theoretical Best

Office A

$4.84M

$4.24M – $5.65M (±1% cap)

NOI $338,930 @ 7.0% cap · market cap 8.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Landon Haney Co ... Distribution Center Microfiber Wholesale Big Box & Wholesale Store Designer Films Interior Design Interwest Distribution Company Distribution Center

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

2

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

827

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 92504, CA

54,642

Population

17,038

Households

3.2

Avg Household Size

36

Median Age

21%

College-Educated

82%

High-School Grad

22.7 sq mi

ZIP Area

2,407

Density / Sq Mi

$88,168

Median Household Income

$39,539

Median Earnings

$1,758

Median Rent

$501,800

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Freestanding flex property with a secured yard, ground-level access, and three-phase power.

Where is this flex space located?

The property is located at 6878 Airport Dr Riverside, CA.

What is the asking price?

The asking price for this property is $3,995,000.

What are key features of this property?

This property features: 14,128‑square‑foot freestanding flex building; 1,173 SF single‑story office area; 18' minimum height clearance